there are geopolitical problems, problems in congress, problems with tax code, the problems in our government, the administration. also, listen, bernanke said -- >> maria, the fact that everyone's saying -- >> we didn't see 2008 coming either. >> the fact that everyone is saying qe is not having any effect means that they really are missing the boat. there was $3 trillion worth of corporate issuance in the year to date so far. $1 trillion worth of bonds were sold by corporations. that reduces, obviously, betters their balance sheets, reduces their rates so for the next ten years these corporations are going to be having the benefit of cheap money. 150 or 100 basis points over treasuries to issue cash, that's a great deal. using that money to buy back stock, using that money to pay dividends. tom lee had a great piece that said the outstanding shares of the new york stock exchange are as low as they have been in 1990. what's happening is you have a run-up to qe. the market anticipates that so of course the response is going to be muted to the qe. subsequent months later we then see the market